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Greenway Greenhouse Cannabis (XCNQ:GWAY) Liabilities-to-Assets : 0.69 (As of Dec. 2024)


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What is Greenway Greenhouse Cannabis Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Greenway Greenhouse Cannabis's Total Liabilities for the quarter that ended in Dec. 2024 was C$21.86 Mil. Greenway Greenhouse Cannabis's Total Assets for the quarter that ended in Dec. 2024 was C$31.62 Mil. Therefore, Greenway Greenhouse Cannabis's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2024 was 0.69.


Greenway Greenhouse Cannabis Liabilities-to-Assets Historical Data

The historical data trend for Greenway Greenhouse Cannabis's Liabilities-to-Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Greenway Greenhouse Cannabis Liabilities-to-Assets Chart

Greenway Greenhouse Cannabis Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Liabilities-to-Assets
0.59 0.53 0.58 0.64

Greenway Greenhouse Cannabis Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.62 0.64 0.65 0.68 0.69

Competitive Comparison of Greenway Greenhouse Cannabis's Liabilities-to-Assets

For the Drug Manufacturers - Specialty & Generic subindustry, Greenway Greenhouse Cannabis's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Greenway Greenhouse Cannabis's Liabilities-to-Assets Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Greenway Greenhouse Cannabis's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Greenway Greenhouse Cannabis's Liabilities-to-Assets falls into.


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Greenway Greenhouse Cannabis Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Greenway Greenhouse Cannabis's Liabilities-to-Assets Ratio for the fiscal year that ended in Mar. 2024 is calculated as:

Liabilities-to-Assets (A: Mar. 2024 )=Total Liabilities/Total Assets
=21.174/33.089
=0.64

Greenway Greenhouse Cannabis's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2024 is calculated as

Liabilities-to-Assets (Q: Dec. 2024 )=Total Liabilities/Total Assets
=21.858/31.618
=0.69

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Greenway Greenhouse Cannabis  (XCNQ:GWAY) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Greenway Greenhouse Cannabis Liabilities-to-Assets Related Terms

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Greenway Greenhouse Cannabis Business Description

Traded in Other Exchanges
Address
1478 Seacliff Drive, Kingsville, ON, CAN, N9Y 2M2
Greenway Greenhouse Cannabis Corp is licensed to cultivate, process and sell to ensures harvests always consist of the highest quality cannabis strains with resinous flowers, trichomes, and rich cannabinoid profiles. The Company's nursery facility is located in Kingsville, Ontario, and its flowering and processing facility is located in Leamington, Ontario. The business model is to supply bulk packaged, high quality cannabis to the Canadian, cannabis industry at prices that ultimately provide a value proposition to the consumers. Greenway has three divisions with various locations; Greenway Nursery, Greenway Cultivation and future plans for Greenway Farmgate Retail Store.
Executives
Darren Joseph Peddle Director

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